Zoom’s Q2 revenue jumps 169% as remote work trend continues

PALO ALTO, U.S. — Zoom, the videoconferencing service provider, reported record quarterly results on Tuesday after surging to prominence as a tool for home-working employees locked down during the new coronavirus pandemic.

“Work-from-home and social distance initiatives have meaningfully accelerated the adoption and traffic on the Zoom video communications platform,” Zoom CEO Eric Yuan said in an earnings call. “Use cases have grown rapidly as people integrated Zoom into their work, learning, and personal lives.”

The company cautioned that the rocketing user numbers might not be sustainable as travel restrictions ease and people start to return to work.

For the

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Coronavirus latest: India deaths toll jumps by 50 in a day

The Nikkei Asian Review is tracking the spread of the new coronavirus that originated in the central Chinese city of Wuhan.

Global cases have reached 2,402,250, according to the World Health Organization.

The worldwide death toll has hit 163,097.

To see how the disease has spread, click this interactive virus tracker:

Here are the latest developments (Tokyo time):

Wednesday, April 22

1:41 p.m. India confirms 1,383 new coronavirus cases, up from 1,336 reported Tuesday morning, bringing the total to 19,984. The number of deaths jumped to 640, an increase of 50 in the last 24 hours, according to

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IAB: Mission-based marketing jumps 42% amid coronavirus

Dive Brief:

  • Almost three quarters (74%) of advertising executives said the coronavirus pandemic is having a greater effect on advertising than the 2008 financial crisis that ushered in the last recession, the Interactive Advertising Bureau (IAB) found in a survey. Seventy percent of media buyers have adjusted or paused their ad spend, while 16% are deciding what to do next, the survey found.
  • About three quarters (73%) of media buyers said the coronavirus will affect their 2020-21 upfront spend commitments, expecting a 20% drop from their original plans. About a quarter (24%) of respondents paused all advertising spend for
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